Capital in the Twenty-First Century

The main driver of inequality—returns on capital that exceed the rate of economic growth—is again threatening to generate extreme discontent and undermine democratic values. Thomas Piketty’s findings in this ambitious, original, rigorous work will transform debate and set the agenda for the next generation of thought about wealth and inequality.

Dall'interno del libro

Risultati 1-5 di 79

Pagina 11 This work would remain unfinished: the first volume of Capital was published in
1867, but Marx died in 1883 without having ... This is the basis of Marx's
prediction of an apocalyptic end to capitalism: either the rate of return on capital
would ...

Pagina 34 If, moreover, the rate of return on capital remains significantly above the growth
rate for an extended period of time (which is more likely when the growth rate is
low, though not automatic), then the risk of divergence in the distribution of wealth
...

Pagina 35 return on capital may be higher when the individual's initial capital endowment is
higher (as appears to be increasingly common). The fact that the return on capital
is unpredictable and arbitrary, so that wealth can be enhanced in a variety of ...

Pagina 42 For example, income, capital, the economic growth rate, and the rate of return oncapital are abstract concepts— theoretical constructs rather than mathematical
certainties. Yet I will show that these concepts allow us to analyze historical
reality ...

Pagina 66 For example, if β = 600% and r= 5%, then α =r×β= 30%.13 In other words, if
national wealth represents the equivalent of six years of national income, and if
the rate of return on capital is 5 percent per year, then capital's share in national ...

Valutazioni degli utenti

5 stelle

6

4 stelle

12

3 stelle

4

2 stelle

0

1 stella

0

LibraryThing Review

Recensione dell'utente - willszal - LibraryThing

I remember being in a book shop in San Francisco when “Capital in the 21st Century” was first published in 2014. It couldn’t have been more timely, following on the heels of Occupy Wall Street and the ...Leggi recensione completa

LibraryThing Review

Recensione dell'utente - DLMorrese - LibraryThing

There's a lot of good data here, and some excellent recommendations, but.... Like a lot of economics books, this one is pretty dry. The first 300 pages tend to belabor the obvious, repeating the same ...Leggi recensione completa